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THE
V O L . LIX. N o . 11 Published Every Saturday by Edward Lyman Bill at 373 Fourth Ave., New York, Sept. 12, 1914
SING
$ 2K OO CO PER S VE°AR ENTS
Business Activity
OMETIMES we are bound to profit by the misfortunes of others—we just can't help it.
From present appearances it would seem as if there would be within the immediate future
an unprecedented boom in almost every line of American manufactures.
Prominent industrial leaders have been interviewed, and they declare that they are pre-
paring for a new era of business, and that this activity will include a varied line from oil products
to steel and leather, from machinery to all kinds of textiles.
There is then, according to experts, no apparent reason why American industries should not
leap ahead and employ all available labor, so that within a brief time every smokestack in the
country will be pouring forth its thickest clouds, and every loom will be turning, and every arti-
san and day laborer in the country will be at work.
Surely the indications are that America, being the one great nation not embroiled in war, must
supply to the other nations of the earth enough of our products and manufactures to cause the
greatest activity here.
There has been some worry on the part of steel manufacturers lest the supply of managnese
be shut off on account of the war, but this has been removed by the prospect of getting all the
manganese needed from Brazil, and America has large deposits of ore which can be utilized.
DyestufTs, in the same way, which have been purchased from Germany, will soon be made in
this country, and it is to be hoped that the American Congress will pass laws so that adequate duty
protection may be afforded to capitalists who are willing to place their money in new industries to
aid America at this juncture.
Investors should know full well that when the war ceases that they will not be compelled to
face a foreign competition which they were unable to meet under normal conditions. In other
words, we must develop the small things which Americans have hitherto overlooked, and give the
investors adequate Governmental protection.
The riches which are stored up in our vast domain, stretching from ocean to ocean, should
be disclosed in a greater way than ever in response to American inventive genius.
We have mineral deposits of every kind, and surely we can chemically change products into
the desired potentiality.
The soil is a natural storehouse, and here in America are vast stretches of virgin soil that now
should respond to the enterprise of man. There is work for all, and the brains which are being
snuffed out on the battlefield—brains which have contributed to the building up of industrial Europe
—should be supplanted by the brains of inventive Americans, because it is not merely agricultural
Europe, but it is scholarly Europe—active Europe, which is going down on the blood-stained fields.
It is the flower of manhood, and it means that the best assets which Europe can offer are being con-
sumed, and for. the next fifty years American brains will have to fill in the gap made by the
tremendous drain upon the creative force of Europe.
. .
Thousands will invent no more, and the loss to those involved countries will be vastly more
than the loss of territory or of cities. But notwithstanding that thousands of the brightest and
brainiest men will go down before the rain of hail and death, civilization will not halt. The virile
minds of Americans—the people of this new land—of this melting pot of the world, will quickly
repair the loss.
S
(Continued on page 5.)